Jim Cramer on IBM: “I Like It Very Much, But It’s Up On a Spike”
Key takeaways
- A caller asked whether the company can generate sufficient earnings growth to justify its current valuation, given that the stock trades at or above $300.
- Oh, okay… look, I think you raised a really interesting question.
- International Business Machines Corporation (NYSE:IBM) provides software, consulting, and cloud and on-site technology solutions, along with financing to help clients use its products.
Jim Cramer on IBM: “I Like It Very Much, But It’s Up On a Spike” Syeda Seirut Javed Mon, June 8, 2026 at 10:34 PM GMT+7 2 min read IBM International Business Machines Corporation (NYSE:IBM) was among the stocks Jim Cramer highlighted on Mad Money as he noted that the market has an appetite for stocks. A caller asked whether the company can generate sufficient earnings growth to justify its current valuation, given that the stock trades at or above $300. Cramer commented:
Oh, okay… look, I think you raised a really interesting question. You said it was up, down, up, down. This stock is up about 80 points in like a week. I think we gotta give it a chance. I want it to come down before I can give it my seal of approval. And I like it very much, but it’s up on a spike, and you know, I don’t recommend a parabolic move… It’s hardly ever worked.
International Business Machines Corporation (NYSE:IBM) provides software, consulting, and cloud and on-site technology solutions, along with financing to help clients use its products. During the May 7 episode, a caller asked Cramer whether the company’s stock was a buy, sell, or hold. In response, the Mad Money host said: